Calendar Year

1989 in US Banking

1,629 bank events are on record for 1989: 530 failures, 971 mergers or acquisitions involving a bank, credit union or bank holding company, and 124 enforcement actions.

530

Failures

$163.86B in failed assets

971

Mergers

Federal Reserve NIC, banking organizations

124

Enforcement

OCC, FDIC, FRB, OTS and SEC 8-K filings

4

Assistance

FDIC open-bank assistance

Jump to: Bank failures 1989 · Bank mergers 1989

How many banks failed in 1989?

530 banks failed in 1989, with $163.86B in assets. Each failure below links to its own page.

Date	Bank	HQ	Assets	Acquirer or resolution
Jul 20, 1989	Commonwealth Federal S & L	Fort Lauderdale, FL	$1.58B	Branch sale
Jul 20, 1989	Texas American Bank/Galleria, N.A.	Houston, TX	$289.6M	Texas American Bridge Bank
Jul 20, 1989	New Mexico FSA	Albuquerque, NM	$240.7M	First NB in Albuquerque
Jul 20, 1989	Texas American Bank/Dallas, N.A.	Dallas, TX	$229.7M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Amarillo, N.A.	Amarillo, TX	$218.2M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Duncanville	Duncanville, TX	$213.4M	Texas American Bridge Bank
Jul 20, 1989	Home Federal S & L Assoc.	Memphis, TN	$204.3M	First Commercial BK at Memp
Jul 20, 1989	Texas American Bank/Levelland	Levelland, TX	$195.0M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/McKinney, N.A.	McKinney, TX	$175.7M	Texas American Bridge Bank
Jul 20, 1989	Utica National Bank & Trust Comp	Tulsa, OK	$165.0M	The F & M Bank & Trust Comp
Jul 20, 1989	Texas American Bank/Tyler, N.A.	Tyler, TX	$153.8M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Fredericksburg	Fredericksburg, TX	$139.1M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Denison, N.A.	Denison, TX	$137.0M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Midland, N.A.	Midland, TX	$135.2M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Austin, N.A.	Austin, TX	$127.1M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Longview, N.A.	Longview, TX	$90.1M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Breckenridge	Breckenridge, TX	$82.0M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Temple, N.A.	Temple, TX	$68.0M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Wichita Falls	Wichita Falls, TX	$65.0M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/LBJ, N.A.	Dallas, TX	$62.8M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Forum, N.A.	Arlington, TX	$62.6M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Prestonwood,	Dallas, TX	$49.8M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Farmers Branch	Farmers Branch, TX	$48.4M	Texas American Bridge Bank
Jul 20, 1989	Peoples S & L Assoc.	Streator, IL	$46.3M	Branch sale
Jul 20, 1989	Texas American Bank/Richardson	Richardson, TX	$44.5M	Texas American Bridge Bank
Jul 20, 1989	Sierra S & L Assoc.	Beverly Hills, CA	$40.7M	Sun SB, FSB
Jul 20, 1989	Texas American Bank/Southwest, N.A.	Stafford, TX	$36.0M	Texas American Bridge Bank
Jul 20, 1989	Fallbrook National Bank	Houston, TX	$36.0M	Charter National Bank - Col
Jul 20, 1989	Texas American Bank/Plano, N.A.	Plano, TX	$34.8M	Texas American Bridge Bank
Jul 20, 1989	Texas American Bank/Greater South	Grand Prairie, TX	$32.7M	Texas American Bridge Bank
Jul 20, 1989	American Interstate Sa	Los Angeles, CA	$24.9M	Deposit payout
Jul 20, 1989	Parish Federal S & L Assoc.	Denham Springs, LA	$14.7M	Deposit payout
Jul 14, 1989	Independent Bank, National Assoc	Coppell, TX	$34.7M	Metropolitan National Bank
Jul 13, 1989	First Savings & Loan	Waco, TX	$373.7M	Kilgore FS&LA
Jul 13, 1989	Cornerstone Federal Savings	Houston, TX	$112.4M	Great Southwest Savings, F.A.
Jul 13, 1989	Pioneer Savings F.A.	Plymouth, IN	$81.0M	Ameritrust NB
Jul 13, 1989	National Bank of Commerce of Brownsville	Brownsville, TX	$34.7M	Texas Commerce Bank Rio Gra
Jul 13, 1989	Cross Roads S & La	Checotah, OK	$16.8M	Peoples NB
Jul 13, 1989	The Sterlington Bank	Sterlington, LA	$15.2M	Bank of St. Joseph & Trust
Jul 13, 1989	Bennett National Bank	Bennett, CO	$8.3M	The First National Bank of
Jul 5, 1989	102 Valley Bank	Hopkins, MO	$5.0M	The Nodaway Valley Bank
Jun 30, 1989	First National Bank of Richardson	Richardson, TX	$44.5M	Deposit Guaranty Bank
Jun 30, 1989	Independent Bank-East, National	Rockwall, TX	$40.6M	American National Bank of T
Jun 29, 1989	Victoria Sa	San Antonio, TX	$882.8M	Branch sale
Jun 29, 1989	Missouri Savings Association	Clayton, MO	$661.1M	Mercantile Bank of St. Loui
Jun 29, 1989	First Fed. S & L Assoc.	Bakersfield, CA	$126.4M	Bank of America Ntsa
Jun 29, 1989	Mid Missouri S & L Assoc.	Boonville, MO	$76.7M	United S&LA
Jun 29, 1989	Amerimac Savings Bank, FS	Hillsboro, IL	$29.6M	Security SB, FSB
Jun 29, 1989	The Guardian Fed. S & L Assoc.	Bakersfield, CA	$29.4M	Bank of America Ntsa
Jun 29, 1989	Peoples S & L Assoc.	Hampton, VA	$23.9M	Consolidated B&TC

Which banks merged in 1989?

971 mergers or acquisitions involving a bank, credit union or bank holding company are on record for 1989.

See the fuller list: Bank mergers 1989 with largest deals and credit union mergers ›

Date	Acquired	St	Acquirer
Oct 7, 1989	Magna Bank of Lincoln	IL	Magna Bank of Springfield
Oct 7, 1989	(unnamed)	—	The Bank of New York Mellon
Oct 6, 1989	Key Bank of Wyoming - 303 Main Street, Lander, Wyoming 82520	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 10 Shoshone, Green River, Wyoming 82935	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 849 Front Street, Evanston, Wyoming 82930	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - Seventh and Douglas Highway, Gillette, Wyoming 827	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	National Bank of Commerce of De Ridder	LA	The First National Bank of Lake Charles
Oct 6, 1989	Key Bank of Wyoming - 7th and Robertson, Worland, Wyoming 82401	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 2 North Main, Sheridan, Wyoming 82801	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	First of America Bank - Copper Country	MI	First of America Bank-Upper Peninsula, National Association
Oct 6, 1989	Key Bank of Wyoming - 801 Pine Avenue, Kemmerer, Wyoming 83101	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - 2126 East A Street, Torrington, Wyoming 82240	WY	Community First National Bank
Oct 6, 1989	Key Bank of Wyoming - 1130 Sheridan Avenue, Cody, Wyoming 82414	WY	Key Bank of Wyoming - 123 East Main, Riverton, Wyoming 82501
Oct 6, 1989	Key Bank of Wyoming - 302 North 1st, Saratoga, Wyoming 82331	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 257 South Main Street, Lusk, Wyoming 82225	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	Key Bank of Wyoming - 240 South 4th, Douglas, Wyoming 82633	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	Key Bank of Wyoming - 440 Budd Avenue, Big Piney, Wyoming 83113	WY	Key Bank of Wyoming - 120 West Pearl, Jackson, Wyoming 83001
Oct 6, 1989	Key Bank of Wyoming - Fourth and Buffalo, Rawlins, Wyoming 82301	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 6, 1989	Key Bank of Wyoming - 611 Ninth Street, Wheatland, Wyoming 82201	WY	Key Bank of Wyoming - Corner - Midwest and Wolcott, Casper, Wyoming 8260
Oct 6, 1989	NBC Bancshares of Deridder, Inc.	LA	Louisiana Banc One Corporation
Oct 6, 1989	Key Bank of Wyoming - 222 Garfield, Laramie, Wyoming 82070	WY	Key Bank of Wyoming - 200 North Center Street, Rock Springs, Wyoming 829
Oct 5, 1989	Weston Hospital Federal Credit Union	WV	Harrison County Federal Credit Union
Oct 2, 1989	Stauffer Big Island Federal Credit Union	WY	Trona Valley Community Federal Credit Union
Oct 2, 1989	Hemingford Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Hyannis Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Deshler State Company	NE	Midwest Banc Holding Co.
Oct 2, 1989	Bridgeport Banshares, Inc.	NE	Abbott Bank Group, Inc.
Oct 2, 1989	Johnson County Bank, National Association	TX	First State Bank
Oct 2, 1989	State Bank of Pennock	MN	Heritage Bank, N.A.
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	SKM Federal Credit Union	TN	Y-12 Federal Credit Union
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	Reliable Stores Corporation Credit Union	MD	Central Credit Union of Maryland
Oct 2, 1989	The Abbott Bank	NE	Community First National Bank
Oct 2, 1989	American State Bank	NE	Amfirst Bank
Oct 2, 1989	Gallup Municipal Federal Credit Union	NM	First Financial Credit Union
Oct 2, 1989	The Citizens National Bank of Madelia	MN	Heritage Bank, N.A.
Oct 1, 1989	W P Oroville Employees Federal Credit Union	CA	Butte Federal Credit Union
Oct 1, 1989	Citizens Group, Inc.	IL	Alpha Financial Group, Inc.
Oct 1, 1989	Dartmouth National Corporation	NH	Indian Head Banks Inc.
Oct 1, 1989	Brownie Cu	TN	Members First Credit Union
Oct 1, 1989	Town and Country Credit Union	IA	Citizens Community Credit Union
Oct 1, 1989	F&M Bank-Forest Junction	WI	F & M Bank - Hilbert
Oct 1, 1989	Automotive Parts Association Federal Credit Union	CA	Big Valley Federal Credit Union

The list holds 500 of the 971 mergers recorded for 1989.

Enforcement Actions in 1989

Action date	Agency	Institution	Action
Dec 29, 1989	OCC	Hamilton Bank, N.A.	Civil Money Penalty (CMP): Gonzalez, Joaquin
Dec 28, 1989	OCC_OTS	(individual)	Supervisory Agreement: First Federal Savings and Loan Association of Cape Cod
Dec 27, 1989	OCC	First National Bank of Callaway County	Civil Money Penalty (CMP): Cooke, J.F.
Dec 27, 1989	OCC	Bank Star One	Civil Money Penalty (CMP): Landrum, Roy
Dec 20, 1989	OCC_OTS	Banc Iowa Federal Savings Bank	Supervisory Agreement: Banc Iowa Savings Bank
Dec 20, 1989	OCC	Sam Houston National Bank of Walker County	Civil Money Penalty (CMP): Waller, Morris I.
Dec 20, 1989	OCC	Sam Houston National Bank of Walker County	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Waller, Morris I.
Dec 20, 1989	OCC_OTS	First Federal Savings Bank and Trust	Cease and Desist: First Savings Bank and Trust, F.S.B.,
Dec 19, 1989	OCC	First Bank N.A.	Civil Money Penalty (CMP): Bustamante, John H.
Dec 19, 1989	OCC	First Bank N.A.	Civil Money Penalty (CMP): Trotter, Lee A.
Dec 19, 1989	OCC_OTS	(individual)	Orders of Removal/Prohibition: Robert L. Hodges
Dec 15, 1989	OCC_OTS	(individual)	Supervisory Agreement: Midwest Federal Savings Bank
Dec 12, 1989	OCC	First National Bank of Dayton	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): First National Bank Of Dayton
Dec 11, 1989	OCC	Gateway National Bank	Formal Agreement: Gateway National Bank
Dec 6, 1989	OCC_OTS	Great West, a Federal Savings Bank	Cease and Desist: Tom R. Waymire
Dec 6, 1989	OCC_OTS	City Savings and Loan Association	Orders of Removal/Prohibition: Wayman Thurman
Dec 6, 1989	OCC_OTS	(individual)	Orders of Removal/Prohibition: Stephanie Shea
Dec 6, 1989	OCC_OTS	Executive Banc Savings Association, F.A.	Orders of Removal/Prohibition: Lonnie E. Chunn
Dec 6, 1989	OCC_OTS	Otero Savings and Loan Association	Orders of Removal/Prohibition: James A. Gallagher
Dec 6, 1989	OCC_OTS	State Federal Savings Association	Cease and Desist: State Federal Savings and Loan Association
Dec 6, 1989	OCC_OTS	First Federal Savings Bank	Cease and Desist: First Savings Bank, FSB
Dec 5, 1989	OCC_OTS	Saratoga Federal Savings and Loan Association	Orders of Removal/Prohibition: Donna A. Rodrigues
Dec 5, 1989	OCC_OTS	Saratoga Federal Savings and Loan Association	Orders of Removal/Prohibition: Jess A. Rodrigues
Dec 1, 1989	OCC	Otoe County National Bank and Trust Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The Otoe County National Bank & …
Dec 1, 1989	OCC	The First National Bank of Bowman	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): The First National Bank Of Bowman
Dec 1, 1989	OCC	Otoe County National Bank and Trust Company	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989	OCC	The First National Bank of Bayard	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Becker, John H.
Dec 1, 1989	OCC	The Park Avenue Bank	Cease-and-Desist Order (C&D) or Personal Cease-and-Desist Order (PC&D): Park Avenue Bank, National Association, The
Nov 27, 1989	OCC	The First National Bank of Tipton	Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Civil Money Penalty (CMP): Rackley, Jack
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Manning, Jere
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Lawrence, John
Nov 27, 1989	OCC	The First National Bank of Tipton	Civil Money Penalty (CMP): Hudson, John
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Heberle, Elmer
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Hansen, H.R.
Nov 27, 1989	OCC	The First National Bank in Hysham	Civil Money Penalty (CMP): Cunningham, W.D.
Nov 27, 1989	OCC	The First National Bank of Hammon	Civil Money Penalty (CMP): Baresel, Larry
Nov 27, 1989	OCC	The First National Bank of Tipton	Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Prohibition/Removal Orders: Rackley, Jack
Nov 27, 1989	OCC	The First National Bank of Hammon	Prohibition/Removal Orders: Hudson, John
Nov 27, 1989	OCC	Scottsbluff National Corporation	Prohibition/Removal Orders: Hansen, Lavon Ilene
Nov 27, 1989	OCC	The First National Bank of Tipton	Prohibition/Removal Orders: Baresel, Larry
Nov 21, 1989	OCC_OTS	First State Savings Association	Supervisory Agreement: First State Savings Association
Nov 20, 1989	OCC_OTS	Home Owners Savings Bank FSB	Civil Money Penalty: Milo L. Pike
Nov 20, 1989	OCC_OTS	First Federal Savings & Loan Association of Valdosta	Cease and Desist: Toppy R. Gurley
Nov 15, 1989	OCC_OTS	Peoples Federal Savings and Loan Association of Ardmore	Supervisory Agreement: Peoples Federal Savings and Loan Association
Nov 13, 1989	OCC	Security Bank of Denver, N.A.	Civil Money Penalty (CMP): Moll, Marvin W.
Nov 9, 1989	OCC	The Patoka National Bank	Civil Money Penalty (CMP): Ensor, John A.
Nov 7, 1989	OCC_OTS	Signal Savings and Loan Association	Orders of Removal/Prohibition: Ronald L. Stiles
Nov 7, 1989	OCC_OTS	Enterprise Federal Savings and Loan Association	Orders of Removal/Prohibition: Blaine G. McMahon

FDIC Open-Bank Assistance in 1989

Date	Institution	HQ	Assets
Apr 13, 1989	Tropical FS&LA	Miami, FL	$55.0M
Mar 30, 1989	Cartersville FSB of Georgia	Cartersville, GA	$56.7M
Feb 3, 1989	Cook County FS&LA	Chicago, IL	$164.0M
Jan 31, 1989	Metropolitan National Bank	San Antonio, TX	$4.4M

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